maria: paul krugman on election night when will the markets come back? historically unprecedented which growth has come in above our forecast and that never happens at the start of an administration did the obama team came in and there was 4% growth, 5% growth as soon as we got cash for clunkers past. maria: they were so much anticipation of what you all were doing anticipation of the corporate tax cuts and people started unleashing money before. that's why you saw this big run-up before was passed. >> and let's not forget the impact on the economy of the president's efforts to deregulate have been dramatic and b. can do a lot of that without intervention. that's what you are seeing flow to the system right now. >> there was one other little thing interesting for data wonks like maria. because you can deduct the cost of buying a machine you could expense it in the fourth quarter if it's a richter acted. all of a sudden firm saw ike deducted at 35% so 21 of 21% of that's a better deduction. they piled bunch of investment into the fourth quarter so when th

maria: paul krugman, election night, when will markets come back?ghtly different take that evening as i recall. maria: yes, i did. >> you have to stop at some point listening to people. >> if there is something historically almost unprecedented which happened, growth has come in above our forecasts. that never happens at the start of an administration. remember the obama team came in, there were 4% growth, 5% growth estimates that they said we would get as soon as we got clash for clunkers passed. those things didn't happen. maria: james and i talking about during the commercial break, there was so much anticipation what you were doing, corporate tax cut, people started spending money, companies started unleashing money before. that is the big run-up. >> that's right. >> that and dereg. let's not forget about that. impact on the economy of the president's efforts to deregulate and dramatic, they have been quicker, we can do a lot without congressional intervention. that is flowing through the system right now. i think you're starting to see impact o

david: he is so much better than paul krugman. president's hard-line message on border security, doubling down his threat on shutting down the government over funding for the border wall. the senate says they are looking for middle ground. is there any? we'll ask the third highest ranking republican in the senate, senator john thune coming up. >> usually the person who loses the shutdown is the person who caused it. donald trump is making no bones about it. the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? melissa: not backing down. president trump doub

maria: paul krugman, election night, when will markets come back? a slightly different take that evening as i recall. maria: yes, i did. >> you have to stop at some point listening to people. >> if there is something historically almost unprecedented which happened, growth has come in above our forecasts. that never happens at the start of an administration. remember the obama team came in, there were 4% growth, 5% growth estimates that they said we would get as soon as we got clash for clunkers passed. those things didn't happen. maria: james and i talking about during the commercial break, there was so much anticipation what you were doing, corporate tax cut, people started spending money, companies started unleashing money before. that is the big run-up. >> that's right. >> that and dereg. let's not forget about that. impact on the economy of the president's efforts to deregulate and dramatic, they have been quicker, we can do a lot without congressional intervention. that is flowing through the system right now. i think you're starting to see im

these measures because i'm is like nouriel roubini or paul krugman at the new york times why they get it so wrong wired what are they missing they they turn to just totally misunderstand was happening here where you think what we're experiencing now in the west also with the rise of right wing nationalist groups and religious fundamentalists is a clash of two fundamental worldview is that there is like an old viewpoint of the world we just sees the world in terms of like what we can see what we can touch most and it's something fundamentally see the. all of the questions all of the life problems of humanity can be reduced to economic questions but what we're experiencing in the west is something deeper is is is like a loss of humanity is a lot of meaning and purpose that people who work their entire lives jobs that they know is completely meaningless and has no value whatsoever for money which is literally printed by a central bank and there is now a growing desire that people want to. they want to have lives not just they don't just want to be. objects of mechanical parts in a giant

that is measure of a condom is like nouriel roubini or paul krugman at the new york times why they get it so wrong wired what are they missing they they turn to just totally misunderstand was happening here where you think what we're experiencing now in the west also with the rise of right wing nationalist groups and religious fundamentalists is a clash of two fundamental world view is that there is like an older viewpoint of the world just sees the world in terms of like what we can see what we can touch most and it's something fundamentally see the. all of the questions all of the life problems of humanity can be reduced to economic questions but what we're experiencing in the west is something deeper is is is like a loss of humanity is a lot of meaning and purpose that people who work their entire lives jobs that they know is completely meaningless and has no value whatsoever for money which is literally printed by a central bank and there is now a growing desire that people want to. they want to have lives not just they don't just want to be. objects of mechanical parts in a giant

measure mcconnell like nouriel roubini or paul krugman at the new york times why they get it so wrong wired and what are they missing they they turn to just totally misunderstand was happening here where you think what we're experiencing now in the west also with the rise of right wing nationalist groups and religious fundamentalists is a clash of two fundamental worldview is that there is like an older viewpoint of the world just sees the world in terms of like what we can see what we can touch most and it's something fundamentally see the. all of the questions all of the life problems of humanity can be reduced to economic questions but what we're experiencing in the west is something deeper is is is like a loss of humanity is a lot of meaning and purpose that people work their entire lives jobs that they know is completely meaningless and has no value whatsoever for money which is literally printed by a central bank and there is now a growing desire that people want to. they want to have lives not just they don't just want to be. objects of mechanical parts in a giant a process is

. >> you mentioned the word productivity, if paul krugman was here he says we are all down the toiletecause productivity numbers are such crap. [laughter] >> think about this. we are back to discovery, when coal was realized as a form of energy, the discussion, there was the equivalent of giving every worker assistance, so much more productive did nicole make the average worker. not just something like that. imagine what google is doing for the average american worker. imagine what these supercomputers that we have in our pockets are doing for individual productivity. productivity is going through the roof. why would we expect anything different? they are measuring the ability of people, they produce more and more and it's very limited. and so were we heading is more and more of that. and so i result will be that people who grew up loving wine can make a career out of it. those who grow up loving food will make a career out of it. >> and football will make a career out of it. >> without question! demand for entertainment, we are seeing this right now. when you and i were growing up an

paul krugman if he were here now he would say we are going in the toilet because our productivity numbers are crap. guest: think about this. look back to the discovery of:. at the time when it was realized in the form of energy the discussion then it moves the equivalent of giving every worker 20 assistance, so much more productive that coal made the average worker. imagine what google is doing for the average american worker. imagine what these supercomputers that we have in our pockets are doing for individual productivity. productivity is going through the roof. it's just government, why would we expect anything different. their ability to measure the ability of people to produce more and more is very limited and so where we are headed is more and more that and so the result will be that people who grew up loving wine will make a career out of it. of those that cover grew up loving food will make a career out of it. host: football. guest: without question because the demand for entertainment will grow and we see this now. when you and i were growing up and our parents if we had said we

judge jeanine: then was paul krugman, a nobel prize wing economist.e said the stock market will plummet and never recover from the election of donald trump. so we are very probably looking at a global respecial no end in sight. some are so blienltd by their hatred of donald trump, they forget decades of training in their own field. as america surges forward with more jobs than people to fill them, with african-american and hispanic unemployment the lowest in history and millions coming off food stamps because they want to work. the left, they rant and protest and create chaos. thp. they throw people out of restaurants and off television shows. they even go to church and say god sent them to destroy donald trump. the left doesn't care about our economic success. all they want to do is make noise. but it's nothing more than background noise. white noise. the truth? no one is paying attention to them. his numbers continue to increase and his popularity just keeps going up. after he met with putin and was accused of everything from collusion to treason, a

we have some fun things here, this is what paul krugman said. this is after the 2016 election. he said we're looking at a global recession with no end in sight. i suppose we can get lucky. but on economics as if everything else, a terrible things happened. l.a. times. if trump thinks he can get more than 3% economic growth, he's dreaming. nose are just the ones we found in five seconds in our search today. jeb bush is saying yeah, this is great because of the tax cuts. but you now have to do immigration reform and you have to have free trade policies. so he was kicking the tariffs on the way to the praise there, kevin. final comments. >> the president's strong stance on trade has delivered a lot of progress in these negotiations. remember, the objective is to open up european markets, open up other markets for agricultural products. you saw the great news from the e.u. this week. that would have never happened if he didn't stand strong as you've been advising him to do. >> laura: never, never. thanks for being here. i appreciate it. >> great to being here. >> laura: and his res

paul krugman warned new york times readers that america is going to turn into trump-istan., your reaction to all of that. >> it's all nonsense. nobody can ever predict future of the economy with any precision except we know that it just keeps going up and up and up over long periods of time, and we know there's so much hostility and personal animus against president trump that totally subverts the intellectual ability of these people, totally subverts their knowledge of history. this country is a country whose greatest days lie ahead, and the idea that somehow mr. trump because he's got that weird hair or for whatever reason is going to bring the economy to ruin, it's just nonsense, and it has a always been nonsense. nothing he could do is going to bring this economy to ruin. and, as a matter of fact, we are -- [audio difficulty] elizabeth: what is it? come on. come on, i know you have a number. >> i don't have a prediction, if it's in the 4s, development the, a doctor is here to break it down on whether this new drug is all it's cracked up to be. >>> another win for the pr

conservatives, if the fed starts raising rates i guarantee you elizabeth worn and bernie sanders, and paul krugmanaying the fed is doing too much tightening. joe: i want to talk about the partisan dimension. during the obama years when bernanke you are yelling would go on the hill, the republicans were tough on the performance of the fed chair at the time. powell, youy, with still had that dynamic this week. democrats were not particularly harsh. rude lines of questioning from republicans. is this a permanently democratic institution? when republicans just don't like the fed? >> they don't like the fed. i agree with that. from all i have heard powell has lobbied members of congress. he has good relations with people in both parties. what an irony. donald trump basically fires janet yellen, the most dovish fed chair in our lifetime. that is what he wants. he fired her. julie: i'm so glad great got that point. lisa: there are interesting aspects. the most interesting, markets just don't seem to be moving just yet. .hank you so much, greg we always appreciate your insights. coming up, a warning shot

pete: paul krugman, i can't wait for his next "new york times" article. will try. so look for it in the "new york times." abby: critics would say it's not sustainable. how do you keep this going for a long time. the president said yesterday in his remarks when you were there, griff. you heard, this that whenever he travels abroad he said so often the leaders of other countries congratulate me on the economy that we have here in america. that is how the world views the success of another country is how their economy is doing. how their country is booming. he said that is the greatest success we can have as a nation is if our economy is doing well. griff: you wondered how other nations viewed former president obama or might have been president clinton. here is obama and clinton talking about the trump economy. take a listen. >> some of those jobs of the past are just not going to come back. and when somebody says that he is going to bring all these jobs back. how is he going to do that? what are you going to do? >> you might think because he spent his life

they're talking about, want to see clues how the left will respond to this, look at column by paul krugman, talked about some shadiness inside numbers of gdp for the second quarter. this will be a really interesting political football. likely to come friday. here is the other thing, neil. if the numbers don't match up, if they combee low 4%, president trump obviously has a problem with economic messages. but they are telling me that they are expecting four to five. there isn't, if things break their way, they think this thing could get above 5%. last time we had above 5% gdp growth, third quarter of 2014 when president obama was president. as you know it was never sustained. he had mediocre is like giving it a good name, i guess, throughout his presidency. never really surpassed 3% on a yearly basis. this is not a yearly number. this is a quarterly number. neil, back to you. neil: thank you very much, charlie gasparino. get read from sean spicer, you remember that name, former white house press secretary under trump. author of a book, the briefing, politics, the press, the president. sean,

. >> paul krugman could make the case they tried the private sector guys for the last 20 years and got>> i would disagree. i would say there has been an emerging middle class that has happened the democratizization happened those things happened not fast enough and education is the biggest problem for sure it's still controlled by the unions >> thanks, michelle. >> see you later >>> shares of tesla are jumping this morning afterest lon musk announced they pushed out 7,000 cars last week meeting its model 3 goal phil lebeau joins us if there were word smithing involved in this memo to employees. he said they front gated 5,000 model 3s but hit the production targets for the model s and xs why the difference do you think in the verbiage? >> this is a company term that they use for production. we specifically asked the company did you produce 5,000 model 3s and the company said yes, they were produced. they've been inspected this is not the shell of a car and said it was produced or elon musk used the terminate factory gated. they're saying they built the vehicles here's an e-mail he sent

you and i knew paul kleb a editor for forbes ma seen a decade ago he was murdered on streets of moscow exposing crony capitalism in russia controlled by mr. krugmanimself. there is a picture of paul. the bottom line the magnitsky act was designed to work against that corruption and i can not imagine an administration used it and continues to use it, throwing the author of that thing under the bus. >> well i agree with you. this is litmus test. people are saying, you know, what does trump think about putin? what does trump think about russia? this is his big test. he should come out decisively against this. to say he thinks it is interesting idea to have hess press secretary saying they're considering it, that is just shocking and shocking to anybody. there is no partisanship about this. that is just shocking. david: every day the president meets with his members of his cabinet. of course he gets the top secret analysis which include information from the cia. it includes information from the state department. run by people like our current, the current leader of the state department, the current -- we have john bolton who has a lot of influence in